99-11322. Application of the KCBT for Designation as a Contract Market in Western Natural Gas Index Futures Contracts

[Federal Register Volume 64, Number 87 (Thursday, May 6, 1999)]
[Notices]
[Pages 24372-24373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-11322]


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COMMODITY FUTURES TRADING COMMISSION


Application of the KCBT for Designation as a Contract Market in 
Western Natural Gas Index Futures Contracts

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice of availability of the terms and conditions of proposed 
commodity futures contract.

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SUMMARY: The Kansas City Board of Trade (KCBT or Exchange) has applied 
for designation as a contract market in western natural gas index 
futures contracts. The proposal was submitted under the Commission's 
45-day Fast Track procedures. The Acting Director of the Division of 
Economic Analysis (Division) of the Commission, acting pursuant to the 
authority delegated by Commission Regulation 140.96, has determined 
that publication of the proposal for comment is in the public interest, 
will assist the Commission in considering the views of interested 
persons, and is consistent with the purpose of the Commodity Exchange 
Act.

DATES: Comments must be received on or before May 21, 1999.


[[Page 24373]]


ADDRESSES: Interested persons should submit their views and comments to 
Jean A. Webb, Secretary, Commodity Futures Trading Commission, Three 
Lafayette Centre, 1155 21st Street, NW Washington, DC 20581. In 
addition, comments may be sent by facsimile transmission to facsimile 
number [phone], or by electronic mail to [e-mail]. 
Reference should be made to the KCBT western natural gas index futures 
contract.

FOR FURTHER INFORMATION CONTACT: Please contact Joseph Storer of the 
Division of Economic Analysis, Commodity Futures Trading Commission, 
Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581, 
telephone [phone]. Facsimile number: [phone]. Electronic 
mail: [e-mail]

SUPPLEMENTARY INFORMATION: The proposed designation application was 
submitted pursuant to the Commission's Fast Track procedures for 
streamlining the review of futures contract rule amendments and new 
contract approvals (62 FR 10434). Under those procedures, the proposal, 
absent any contrary action by the Commission, may be deemed approved at 
the close of business on June 7, 1999, 45 days after receipt of the 
proposal. In view of the limited review period under the Fast Track 
procedures, the Commission has determined to publish for public comment 
notice of the availability of the terms and conditions for 15 days, 
rather than 30 days as provided for proposals submitted under the 
regular review procedures.
    Copies of the proposed contract terms will be available for 
inspection at the Office of the Secretariat, Commodity Futures Trading 
Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 
20581. Copies can be obtained through the Office of the Secretariat by 
mail at the above address, by phone at [phone], or via the 
internet on the CFTC website at www.cftc.gov under ``What's New & 
Pending''.
    Other materials submitted by the KCBT in support of the proposal 
may be available upon request pursuant to the Freedom of Information 
Act (5 U.S.C. 552) and the Commission's regulations thereunder (17 CFR 
Part 145 (1997)), except to the extent they are entitled to 
confidential treatment as set forth in 17 CFR 145.5 and 145.9. Requests 
for copies of such materials should be made to the FOI, Privacy and 
Sunshine Act Compliance Staff of the Office of Secretariat at the 
Commission's headquarters in accordance with 17 CFR 145.7 and 145.8.
    Any person interested in submitting written data, views, or 
arguments on the proposal, or with respect to other materials submitted 
by the KCBT, should send such comments to Jean A. Webb, Secretary, 
Commodity Futures Trading Commission, Three Lafayette Centre, 21st 
Street NW, Washington, DC 20581 by the specified date.

    Issued in Washington, DC, on April 28, 1999.
John R. Mielke,
Acting Director.
[FR Doc. 99-11322 Filed 5-5-99; 8:45 am]
BILLING CODE 6351-01-M